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Dec 31, 2012
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part of that is deficit reduction. part of it is also making sure that we're investing for example in rebuilding our infrastructure. which is broken. and if we are putting people back to work rebuilding our roads, our bridges, our schools -- in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, we've got a huge opportunity around energy. we are producing more energy and america can become an energy exporter. how do we do that in a way that also deals with some of the environmental challenges that we have at the same time? so that's going to be a third thing. but the most immediate thing i've got to do, starting on january 1st, if congress doesn't act before the end of the year, is make sure that taxes are not going up on middle class families. and because it is going to be very hard for the economy to sustain its current growth trends if suddenly
part of that is deficit reduction. part of it is also making sure that we're investing for example in rebuilding our infrastructure. which is broken. and if we are putting people back to work rebuilding our roads, our bridges, our schools -- in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, we've got a huge...
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Dec 28, 2012
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lays the groundwork for work on growth and deficit reduction. that is an achievable goal. >> today's meeting is the first with the president since november 16. sign for republicans that mr. obama has not really been pushing that hard for a deal. >> we need presidential leadership on in the just taxing rich people. >> three words the president did not use. he did not use the word sequester and he didn't say "debt ceiling" either. he focused most of his remarx on preventing taxes from going up. there are also massive spending cuts coming. no idea how they will avert that. he also did not mention the debt ceiling. earlier they wanted lifting the debt ceiling included. now it's clear it's not in the short-term package that guarantees if they get a short-term deal here, we have major budget battles coming. >> the key to any good negotiation each side has to give up something. near and dear to their heart. what is it, as succinctly as you imagine, both sides have given up? >> both sides say the president started on threshold of tax cut of $250,000. ne
lays the groundwork for work on growth and deficit reduction. that is an achievable goal. >> today's meeting is the first with the president since november 16. sign for republicans that mr. obama has not really been pushing that hard for a deal. >> we need presidential leadership on in the just taxing rich people. >> three words the president did not use. he did not use the word sequester and he didn't say "debt ceiling" either. he focused most of his remarx on...
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Dec 26, 2012
12/12
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. >> last year we were in a deficit situation and we really needed to make up some ground. so luckily we have a lot of ground water storage capacity. we maintained that throughout this year and this series of storms has really helped us with our surface water storage. >>> right now lexington reservoir off highway 16 is 16% full. yubas is 17% full and the largest anderson reservoir is 41% full. >>> in oakland police are investigating multiple shootings including a homicide which happened this afternoon. neighbors near 24th street and chestnut neck west oakland, they heard multiple gunshots at about 2:30, our photographer accounted a total of 20 shell casings on the ground at two different crime scenes in the area. we are told that the victim is a man but his name has not been released there is no word on suspects or arrests. >>> in oakland they're investigating a shooting that injured two inside of a church. they were shot by stray bullets around 9:00 last night. most people are in stable condition right now. police say they have no suspects at this time. >>> a 24 hour strik
. >> last year we were in a deficit situation and we really needed to make up some ground. so luckily we have a lot of ground water storage capacity. we maintained that throughout this year and this series of storms has really helped us with our surface water storage. >>> right now lexington reservoir off highway 16 is 16% full. yubas is 17% full and the largest anderson reservoir is 41% full. >>> in oakland police are investigating multiple shootings including a...
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Dec 31, 2012
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the republicans want to use it to reduce the deficit. the democrats want to ease spending cuts for another year or so. gregg? gregg: wendell goler, thank you very much, live at the white house. we switch to the other end of the avenue and there is house speaker john boehner just arriving and, let's listen. >> [inaudible]. gregg: wow, we got a ephappy new year out of eric cantor. maybe i couldn't hear and maybe the speaker said something. we couldn't make it out. we'll try to find out from mike emanuel there at the capitol. heather: very big place. very tall ceiling. gregg: very cavernous. the audio is awful. heather: cavernous, that is good word for it. let's look how much money the fiscal cliff tax hikes could cost your family. this is it. if your annual income between 20 and $30,000 your tax bill could go up $1200 next year. that jumps to more than 1700 for those making 40 and 50,000. the fiscal cliff will cost those making 75 and 100 grand more than $3500. and while those making between 200 and 500,000 will be paying about $14,000 mor
the republicans want to use it to reduce the deficit. the democrats want to ease spending cuts for another year or so. gregg? gregg: wendell goler, thank you very much, live at the white house. we switch to the other end of the avenue and there is house speaker john boehner just arriving and, let's listen. >> [inaudible]. gregg: wow, we got a ephappy new year out of eric cantor. maybe i couldn't hear and maybe the speaker said something. we couldn't make it out. we'll try to find out from...
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Dec 31, 2012
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can you imagine how much deficit spending we can get in a year without a cap? >> i am thinking the stock market is because we have hours before the i ball drops, the calm before the storm and watch out wednesday. what do you think in. >> well, watch out wednesday, that is the point. if you look at market the last two weeks, people have been selling ahead of the deal so it is a sell the news type of issue. charles hit the point on the head. this is not a tax issue whether it is $450,000 or $500,000 or $1 million. it is the spending issue. the democrats want to raise the debt ceiling and do not want spending cuts cuts and no sequestration. >> what will happen on wednesday? >> again, i want to caution the stock market will not be the best barometer. >> why? i thought the message was always in the markets especially the interest rate. rates were way up. >> but there is in fear on wall street. there is a total disconnect between that and the fact that in some ways all the nonsense makes stocks and hard assets like gold and silver the only way to invest. when you see
can you imagine how much deficit spending we can get in a year without a cap? >> i am thinking the stock market is because we have hours before the i ball drops, the calm before the storm and watch out wednesday. what do you think in. >> well, watch out wednesday, that is the point. if you look at market the last two weeks, people have been selling ahead of the deal so it is a sell the news type of issue. charles hit the point on the head. this is not a tax issue whether it is...
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Dec 28, 2012
12/12
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the eu is giving madrid more time to get its deficits in line. reductions in health spending are only part of the total to save, but the symbolic value of cutting medical care is great, and so is public anger. >> the son of pakistan's former prime minister has made his first political address. he told party supporters that he would carry forward his mother's legacy, saying that she had sacrificed her life for democracy. benazir bhutto was killed in a gun and bomb attack during her 2007 campaign. >> in student was brutally gang rape on a bus earlier this month, and the prime minister promised to review rape laws and punishments. demonstrators again took to the streets today, calling on the chief of the police department to step down. the government has also ordered an inquiry into the police handling of the case. meanwhile, the young woman whose case sparked the protests has flown to singapore for treatment. her situation remains critical. and internet where there are no political restrictions or government fire walls and were free discussion is t
the eu is giving madrid more time to get its deficits in line. reductions in health spending are only part of the total to save, but the symbolic value of cutting medical care is great, and so is public anger. >> the son of pakistan's former prime minister has made his first political address. he told party supporters that he would carry forward his mother's legacy, saying that she had sacrificed her life for democracy. benazir bhutto was killed in a gun and bomb attack during her 2007...
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Dec 27, 2012
12/12
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none of us want tax increases but at the end of the day trillion dollars deficits are bad, too. trillion dollars deficits every year as far as the eye can see, that's a tax on our kids, our grandchildren, on people who have saved their whole lives and done the responsible things. trillion dollars deficits are a tax, too, and that's what we have to understand. >> it's not good leadership to pass the buck, especially on future generations. they don't deserve to pay for our problems ander responsibility. what do you think is the biggest problem with raising taxes on the wealthy? it's so easy for them to say raise the taxes on the rich, punish them? >> well, the president likes to say the rich needs to pay their fair share for the tax burden of the united states. the funny thing is, actually 23 you look at all the developed countries in the world, the u.s. tax code is the most progressive in the entire world. the wealthiest americans pay the largest share of the tax burden in the u.s., much more so than in european countries. >> the boehner plan b and the some of the things the pres
none of us want tax increases but at the end of the day trillion dollars deficits are bad, too. trillion dollars deficits every year as far as the eye can see, that's a tax on our kids, our grandchildren, on people who have saved their whole lives and done the responsible things. trillion dollars deficits are a tax, too, and that's what we have to understand. >> it's not good leadership to pass the buck, especially on future generations. they don't deserve to pay for our problems ander...
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Dec 31, 2012
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don't forget who asked and demanded for deficit reduction. when i talked to a capitol hill staffer, here's what he said. he said -- this is very important -- "if it's a status quo election some kind of deal that staifz off sec quest rags. >> the republicans. >> i have to say it, it is the republicans that the point that are arguing against deficit reduction. they want to cancel the see quester, which is military spending cut. >> only on their terms. >> they would like spending cuts, but they would like -- they won't be ebbing mrift about exactly how do do it. >> i want to give luke the last word on this. >> is there a chance? just your kind of read on the final word on this, do we end today with some kind of a deal, or do they punt this and try to do it before january 3rd or not at all, just go over the cliff? >> i think that there's a possibility you could see a deal come out of the senate today, although i think if any deal comes out of the senate, the house will most likely vote on it tomorrow. i don't see a late night new year's eve vote
don't forget who asked and demanded for deficit reduction. when i talked to a capitol hill staffer, here's what he said. he said -- this is very important -- "if it's a status quo election some kind of deal that staifz off sec quest rags. >> the republicans. >> i have to say it, it is the republicans that the point that are arguing against deficit reduction. they want to cancel the see quester, which is military spending cut. >> only on their terms. >> they would...
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> reporter: republicans say to be fair the president must focus on entitlement reform to reduce the deficit. >> are you prepared to do that in your first year of your second term. >> what i said i'm prepared to do everything i can to make sure medicare and social security are there not just for this generation but future generations. >> reporter: despite the current gridlock the president says he mains optimistic but asserted democracy is messy. >> one way or another we'll get through this. to i wish that things were more orderly in washington? and rational and people listen to the best arguments and compromise and operate in a more thoughtful and organized fashion? absolutely. but when you look at history that's been the exception rather than the norm. >> now here is your "first look" at this morning's dish of scrambled politics. a new the die found the long lines in central florida on election day discouraged as many as 49,000 people from voting. on "meet the press" nbc's tom brokaw says there's a simple explanation for what's wrong with our elections and the lawmakers sent to washington.
> reporter: republicans say to be fair the president must focus on entitlement reform to reduce the deficit. >> are you prepared to do that in your first year of your second term. >> what i said i'm prepared to do everything i can to make sure medicare and social security are there not just for this generation but future generations. >> reporter: despite the current gridlock the president says he mains optimistic but asserted democracy is messy. >> one way or another...
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Dec 30, 2012
12/12
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i think there is a deficit there of very broad-minded leadership, and there is certainly a deficit of trust between the congress and the president, and 20 republican in congress and the democrats. so plenty of fault to go around. >> o'donnell: dee dee, what about that? mitch mcconnell, who is really now at the heart of make something sort of deal today about how far he can take republicans, he says the president called him last week. it was the first time he's talked to the president since november 16. why is-- is there something the president is responsible for that he's not reached out enough to republicans and established that kind of trust that there has been lacking? >> look, i would have liked to have seen the president do more reaching out during the entirety of his first term. keep in mind, the president has been negotiating with john boehner, and that was the agreed upon format. he's been in conserves with him, and when push comes to shove, boehner cannot get these deals done in his caucus. the big change is not in the white house. it's in the culture of congress. it has beco
i think there is a deficit there of very broad-minded leadership, and there is certainly a deficit of trust between the congress and the president, and 20 republican in congress and the democrats. so plenty of fault to go around. >> o'donnell: dee dee, what about that? mitch mcconnell, who is really now at the heart of make something sort of deal today about how far he can take republicans, he says the president called him last week. it was the first time he's talked to the president...
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Dec 26, 2012
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it should not be done as part of a deficit reduction. it should be done to secure the solvency of social security. healthcare little different circumstance because that is the 800 pound gorilla. if you look at growth as a share of g.d.p., the healthcare accounts interest on the debt, that's where it's at. it's not in the discretionary accounts or social security. the place we are having very significant growth of a share of g.d.p. is in the healthcare accounts. and as i indicated as a nation we are spending so much more than anybody else and the other countries that are advanced are actually with less expenditures a share of their national income are getting better healthcare out comes. so there say chance for savings -- so there is a chance ofor savings without hurting beneficiaries and with actually improving the competitive position of our economy. >> richard man will give the mike to the individuals and identify youself and what your question is. >> i'm a reporter with lrp publications. in the chart that talked about the $1 trillion
it should not be done as part of a deficit reduction. it should be done to secure the solvency of social security. healthcare little different circumstance because that is the 800 pound gorilla. if you look at growth as a share of g.d.p., the healthcare accounts interest on the debt, that's where it's at. it's not in the discretionary accounts or social security. the place we are having very significant growth of a share of g.d.p. is in the healthcare accounts. and as i indicated as a nation we...
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lays the groundwork for further work on growth and deficit reduction. >> that means taxes go up for some now and spending cut on medicare and other programs are kicked to another date. >> what the president offered so far won't do anything to solve the spending problem and begin to address the crippling debt. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get through the fiscal cliff situation we are headed for a major showdown next year. >> doug: ed henry traveling with the president in honolulu. what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on everyone immediately. if washington can'
lays the groundwork for further work on growth and deficit reduction. >> that means taxes go up for some now and spending cut on medicare and other programs are kicked to another date. >> what the president offered so far won't do anything to solve the spending problem and begin to address the crippling debt. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed...
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cliff again produced no results publicans and democrats to reach a deal on how to reduce the national deficit tax hikes and spending cuts with billions of dollars to actually take effect and juggle the first round of talks is show deal for saturday barack obama is already considering an emergency bill for low earners and the unemployed if agreement is not reached before the deadline. the six men involved in the gang rape of a student in india have been charged with murder just hours after their victim died in hospital if convicted will could face the death penalty cases sparked protests in new delhi with the authorities resorting to banning mass gatherings in parts of the city people are still joining to express their anger and sorrow while demanding extreme measures to keep the streets safe. japan's newly elected prime minister has taken a tour of the fukushima nuclear plant which was devastated by a massive tsunami last year wearing up. tech to suit be inspected the complex and admitted that dealing with the fallout is an unprecedented challenge the previous democrat government plan to scra
cliff again produced no results publicans and democrats to reach a deal on how to reduce the national deficit tax hikes and spending cuts with billions of dollars to actually take effect and juggle the first round of talks is show deal for saturday barack obama is already considering an emergency bill for low earners and the unemployed if agreement is not reached before the deadline. the six men involved in the gang rape of a student in india have been charged with murder just hours after their...
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Dec 26, 2012
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and that would still leave an $800 billion deficit. we can not tax away the deficit. gregg: sure we can. we can do the value-added tax. >> well, and that's what worries me. if we don't cut spending, spending right now, the federal government is the largest it has ever been as a share of our economy. it takes up more of our economy than ever, the only way to pay for it is to put in a european-style value-added tax. which means every american, everyone, the lower income, the middle income, the high income, would pay, say 20% on every item they purchase, every item, to the federal government. that is what the europeans do to afford these big governments. gregg: what would it do? >> say that again? gregg: what would it do? >> that, that what would happen is, we were turn into europe. we all see it. we see greece, and spain and italy, and france. they all grow slow of the they have extremely high unemployment rates. we would have a slow economy and high unemployment forever if we taxed ourselves like that. gregg: all right. >> this idea that somehow you can't tax the middl
and that would still leave an $800 billion deficit. we can not tax away the deficit. gregg: sure we can. we can do the value-added tax. >> well, and that's what worries me. if we don't cut spending, spending right now, the federal government is the largest it has ever been as a share of our economy. it takes up more of our economy than ever, the only way to pay for it is to put in a european-style value-added tax. which means every american, everyone, the lower income, the middle income,...
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Jan 1, 2013
01/13
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both sides would have to come to a better, more balanced deficit and debt deal. it's hard to believe but that was almost two years ago. and now, with the clock winding down to the end of to 12, and the end of the fiscal cliff deadline, not a single piece of legislation has passed congress on this. at this hour, vice president biden is set to meet with senate democrats. you are looking live just outside of capitol hill there. we are waiting for his arrival. he will be meeting with senate democrats in hopes of ironing out a mini deal. is he actually trying to sell it to several key democratic senators who are skeptical to say the least. a big union leaders is weighing in as well. is he not happy with what he has heard of the deal so far. we're positioned just outside again for the vice president's arrival. then, inside, just outside the senate chamber, well it, there are the republicans, several senate republicans have already announced opposition. but, if whatever comes out, legislation wise makes it through the senate tonight somehow, how the house speaker and hi
both sides would have to come to a better, more balanced deficit and debt deal. it's hard to believe but that was almost two years ago. and now, with the clock winding down to the end of to 12, and the end of the fiscal cliff deadline, not a single piece of legislation has passed congress on this. at this hour, vice president biden is set to meet with senate democrats. you are looking live just outside of capitol hill there. we are waiting for his arrival. he will be meeting with senate...
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Dec 31, 2012
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they hope to impose loans of $5 million, but first they want them to lower their deficits. they are considering austerity measures which could trigger another wave of protests. >>> japanese robots that look after the elderly, it sounds like science fiction but it's increasingly science fact and with good reason. japanese society is aging faster than any in the world. nursing facilities are stretched past capacity. against this backdrop, researchers are building new and humane intelligent machines. >> reporter: a new game is being played at this hold people's home south of tokyo. ♪ >> reporter: the residents move their bodies on cue from a robot. the exercise helps the brain and fights aging. people from the nursing industry interested in the robot came along to watch. >> translator: coming here today and seeing people talking and dancing with them made me realize that robots have become something very commonplace to old people, too. >> reporter: many of the nursing care robots are japanese inventions. they're catching the eye of facilities overseas. in some countries, the
they hope to impose loans of $5 million, but first they want them to lower their deficits. they are considering austerity measures which could trigger another wave of protests. >>> japanese robots that look after the elderly, it sounds like science fiction but it's increasingly science fact and with good reason. japanese society is aging faster than any in the world. nursing facilities are stretched past capacity. against this backdrop, researchers are building new and humane...
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produced no result the republicans and democrats failed to reach a deal on how to best reduce the national deficit tax hikes and spending cuts with billions of dollars that automatically take effect on journey to first another round of talks for saturday barack obama's already considering an emergency bill for lower wages and the unemployed if agreement isn't reached before that line. six men involved in the gang rape of a student in india have been charged with murder just hours after the victim died in all spittal if convicted all could face the death penalty but case sparked protests in new delhi with the authorities resorting to banning mass gatherings in parts of the city people still joining to express their anger well demanding extreme measures to keep the streets safe. and it's coming up to twenty five minutes past nine at night moscow time or to recap our main news story four people have been killed after a plane crashed into the side of one of moscow's main highways earlier on the sea evening four others were injured all of them are in a serious condition with head injuries the red wings
produced no result the republicans and democrats failed to reach a deal on how to best reduce the national deficit tax hikes and spending cuts with billions of dollars that automatically take effect on journey to first another round of talks for saturday barack obama's already considering an emergency bill for lower wages and the unemployed if agreement isn't reached before that line. six men involved in the gang rape of a student in india have been charged with murder just hours after the...
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Dec 26, 2012
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lays the groundwork for further work on growth and deficit reduction. >> that means taxes go up for some now and spending cut on medicare and other programs are kicked to another date. >> what the president offered so far won't do anything to solve the spending problem and begin to address the crippling debt. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get through the fiscal cliff situation we are headed for a major showdown next year. >> doug: ed henry traveling with the president in honolulu. what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on everyone immediately. if washington can'
lays the groundwork for further work on growth and deficit reduction. >> that means taxes go up for some now and spending cut on medicare and other programs are kicked to another date. >> what the president offered so far won't do anything to solve the spending problem and begin to address the crippling debt. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed...
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for example who are living in cairo to vote in cairo like in the nineteenth of march so we had this deficit of one million people but if we compare the numbers of referendum who won't find any differences. but figures suggest only around hull of all egyptians support the islamists so how do you intend to gain greater backing. while. again again please all right we have reports and figures in general peter gration of course the figures suggest only around hustle all egyptians in your country support there is limits how do you intend to gain greater backing. we are going to gain. this by by by time you see a lot of people are already entered by what is in the media and our media is against the islamic. parties but by time people would see how we deal with the problems and i think this willing to use our popularity in the coming. in the coming election i see also the muslim brotherhood your party has been known for its anti israel views has that position now changed probably all can we expect increased tension now between the neighboring countries egypt and israel . we don't we don't have inte
for example who are living in cairo to vote in cairo like in the nineteenth of march so we had this deficit of one million people but if we compare the numbers of referendum who won't find any differences. but figures suggest only around hull of all egyptians support the islamists so how do you intend to gain greater backing. while. again again please all right we have reports and figures in general peter gration of course the figures suggest only around hustle all egyptians in your country...
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produced no result if the republicans and democrats fail to reach a deal on how to reduce the national deficit tax hikes and spending cuts are worth billions of dollars automatically take effect on january first another round of talks are scheduled for saturday iraq obama is already considering an emergency bill for low earners and be unemployed if agreement is not reached before the deadline. at least four people have been killed and forty others injured after a passenger bus exploded at the terminal station in the southern pakistani city of karachi while an investigation is under way police believe that a terror attack or a gas cylinder explosion might be the cause of the blast the city has seen numerous militant attacks over the past decade and has been plagued by violence. the six men involved in the gang rape of a student in india have been charged with murder just hours after their victim died in a hospital if convicted all could face the death penalty cases sparked protests in new delhi with the authorities resorting to banning mass gatherings in parts of the city people are still joini
produced no result if the republicans and democrats fail to reach a deal on how to reduce the national deficit tax hikes and spending cuts are worth billions of dollars automatically take effect on january first another round of talks are scheduled for saturday iraq obama is already considering an emergency bill for low earners and be unemployed if agreement is not reached before the deadline. at least four people have been killed and forty others injured after a passenger bus exploded at the...
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no result no if the republicans and democrats failed to reach a deal on how to reduce the national deficit tax hikes and spending cuts with billions of dollars automatically take effect on the first another round of talks it shows you will for saturday barack obama's really considering an emergency bill for low earners and employed if agreement isn't reached before that deadline. the six men involved in a gang rape of a student in india have been charged with murder now just hours after the victim died in hospital if convicted all could face the death penalty the case about protests in new delhi with the authorities resorting to banning mass gatherings in parts of the city people still joining to express their anger while demanding extreme measures to keep the streets safe. it's been a turbulent year for russian politics with putin's come back to the kremlin met by big opposition rallies plus pussy riots infamous cathedral performance protest on the court case that followed that that split russian society well here's how some of the r.t. staff including me covered it all in twenty twelve.
no result no if the republicans and democrats failed to reach a deal on how to reduce the national deficit tax hikes and spending cuts with billions of dollars automatically take effect on the first another round of talks it shows you will for saturday barack obama's really considering an emergency bill for low earners and employed if agreement isn't reached before that deadline. the six men involved in a gang rape of a student in india have been charged with murder now just hours after the...
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Dec 25, 2012
12/12
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its economic position, driving away tourists and investors, stopping growth and pushing up the state deficit. that israel has approved the construction of 940 new homes -- >> israel has approved the construction of 940 new homes on the outskirts of jerusalem. for palestinians, the land as part of east jerusalem, which would serve as the capital of a future state. they say settlements there violate international law, but israel says it is an integral part of jerusalem, which it sees as its own capital. israel has been pressing ahead with plans to expand settlements since the palestinians were granted observer status at the u.n. to russia has put in place the last section of an oil pipeline from eastern siberia to the pacific. that is a link up that is now almost 5,000 kilometers long. >> the massive project is russia's oil fields direct access to key markets in japan, south korea, taiwan, the philippines, and the usa. >> after six years of construction and around 21 billion euros, the pipeline is complete. russia hopes it will be able to expand sales into the u.s. market. it also wants to sel
its economic position, driving away tourists and investors, stopping growth and pushing up the state deficit. that israel has approved the construction of 940 new homes -- >> israel has approved the construction of 940 new homes on the outskirts of jerusalem. for palestinians, the land as part of east jerusalem, which would serve as the capital of a future state. they say settlements there violate international law, but israel says it is an integral part of jerusalem, which it sees as its...
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Dec 29, 2012
12/12
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WJLA
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extending tax cuts while doing nothing to curb spending or address the long-term deficit crisis. if they fail to pass a mini-deal, virtually everyone's income taxes will go up. even if the income taxes are extended virtually all workers are due to see less in their paychecks, starting in january, where the temporary 2% payroll tax cut is set to expire. don't assume there will be a mini-deal, a source close to the meetings going on tonight, the prospects are quote not too promising they'll get to a bipartisan agreement to prevent everyone's taxes from going up. david? >> our chief white house correspondent jon karl. of course, this waiting game is already affecting americans' 401(k)s. the stock market, five straight losses. let's bring in bianna golodryga. if these lawmakers thought that waiting to the 11th hour wouldn't have an effect, look no further than the stock market. >> take a look at what happened just the few days. the dow lost 158 points. for the week, down 252 points. david, it's real money. the average 401(k) lost $3,000, $4,000. december is traditionally a good month
extending tax cuts while doing nothing to curb spending or address the long-term deficit crisis. if they fail to pass a mini-deal, virtually everyone's income taxes will go up. even if the income taxes are extended virtually all workers are due to see less in their paychecks, starting in january, where the temporary 2% payroll tax cut is set to expire. don't assume there will be a mini-deal, a source close to the meetings going on tonight, the prospects are quote not too promising they'll get...
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Dec 27, 2012
12/12
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too much deficit reduction, too quickly, and we could push the economy into a recession. that's just dumb. >> it is very dumb. now, you've been in many, many, many of these negotiations? you've been in the backrooms of a lot of the ongoing negotiations, now, do you think they have any chance of getting a deal before the first of the year? >> i'm always hopeful, but i'm less hopeful as every day passes. the problem is the rhetoric that's flying back and forth between republicans and democrats sounds like we're still having an election that it never was over. i think that now -- now that we've had an election, and the american public has spoken, whatever they meant, it's time for the politicians to get together, come together as starbucks is saying, and get something done. nobody's going to get everything they want. but it's so much more important to solve the problem than for one side or the other to get what they want or blame the other. the atmosphere is just wrong. >> when you hear the argument for going over the cliff. when it's been told to me by both democrats and re
too much deficit reduction, too quickly, and we could push the economy into a recession. that's just dumb. >> it is very dumb. now, you've been in many, many, many of these negotiations? you've been in the backrooms of a lot of the ongoing negotiations, now, do you think they have any chance of getting a deal before the first of the year? >> i'm always hopeful, but i'm less hopeful as every day passes. the problem is the rhetoric that's flying back and forth between republicans and...
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Dec 26, 2012
12/12
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FOXNEWSW
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but, if you're a deficit hawk, you might be happy with this news. the congressional budget office estimates that with all of these new tax revenues, plus those mandatory spending cuts kicking in january 1st, that would all cut the deficit in half next year to about $600 billion. kelly? kelly: we would go through this for about half a year. then there's a talk among some people, that we would actually rebound at the end of six months or so. but that is a lot of pain to go through. is there any idea of what could happen to the economy or stock market as a result of congressional inactivity? >> well, yeah. the cb. off and many private economists say that the $600 billion in fiscal tighting, as you say would push the economy into recession next year and send the unemmoment rate to back above 9%. a survey of investment managers found 60% of the them see a drop in the dow industrials of 10% or more if the cliff is not avoided. kelly? kelly: boy, that is very ominous. peter, thank you. hopefully something can be done. peter barnes. jamie: another extreme w
but, if you're a deficit hawk, you might be happy with this news. the congressional budget office estimates that with all of these new tax revenues, plus those mandatory spending cuts kicking in january 1st, that would all cut the deficit in half next year to about $600 billion. kelly? kelly: we would go through this for about half a year. then there's a talk among some people, that we would actually rebound at the end of six months or so. but that is a lot of pain to go through. is there any...
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Dec 29, 2012
12/12
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WMAR
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extending tax cuts while doing nothing to curb spending or address the long-term deficit crisis. if they fail to pass a mini-deal, almost everyone's income taxes will go up. even if the income taxes are extended virtually all workers are due to see less in their paycheck as the temporary tax increase is set to inspire. the prospects are quote not too promising they'll get to a bipartisan agreement to prevent everyone's taxes from going up. david? >> our chief white house correspondent jon karl. this waiting game is already affecting americans' 401 cans. the stock market, five straight losses. let's bring in bianna golodryga. >> take a look at what happened just the few days. the dow lost 158 points. for the week, down 252 points. david, it's real money. lost 3,000, $4,000. december is traditionally a good month for the markets. >> and for home sales. here's what the president had to say about that. >> america wonder why it is, in this town for some reason, you can't get stuff done in an organized timetable. why everything has to wait until the last minute. we're now at the last m
extending tax cuts while doing nothing to curb spending or address the long-term deficit crisis. if they fail to pass a mini-deal, almost everyone's income taxes will go up. even if the income taxes are extended virtually all workers are due to see less in their paycheck as the temporary tax increase is set to inspire. the prospects are quote not too promising they'll get to a bipartisan agreement to prevent everyone's taxes from going up. david? >> our chief white house correspondent jon...
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created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its your mongers debt and what they did was what they usually do they put off those important decisions and full circle deadline that deadline is now so we came up with this theory word cliff to create lots of drama around what should be the ordinary maybe somewhat boring were. working process of any congress or telamon that is to agree on a budget the need to deadlines so the cliff which actually describes the mode in which the congress is working their inability to make decisions until the very very last minute the cliff that u.s. lawmakers have artificially created could become very real for the american people the vast majority of them over one thousand government programs would be cut it would hit the unemployed very hard stop getting unemployment benefits there would be other automatic cuts and tax hikes that would mostly affect those who are financially insecure but everyone knows even if the lawmakers don't meet the january first headline they can pass measures retroactive
created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its your mongers debt and what they did was what they usually do they put off those important decisions and full circle deadline that deadline is now so we came up with this theory word cliff to create lots of drama around what should be the ordinary maybe somewhat boring were. working process of any congress or telamon that is to agree on a budget the need to deadlines so the...
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Dec 26, 2012
12/12
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working with house speaker john boehner and trying to get a big deal that dealt with tax reform and deficit reduction. that fell apart and talks have largely been stalled this entire time. there was a lost pressure to get something done. we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour notice. they are very much out there in play. thank you very much for joining us. appreciate it. when the senate returns tomorrow morning, there will be a new emphasis on members taking a larger role in the fiscal cliff negotiations that based off the current offer may only have a smaller deal. a member of the budget committee and outspoken voice on the left side of the aisle.
working with house speaker john boehner and trying to get a big deal that dealt with tax reform and deficit reduction. that fell apart and talks have largely been stalled this entire time. there was a lost pressure to get something done. we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal...
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produced no result if publicans and the democrats the bail to reach a deal on how to reduce the national deficit tax hikes and spending cuts with billions of dollars automatically take effect on generator first another round of talks the shows were for saturday barack obama said what he considered an emergency bill for low earners and the unemployed if agreement isn't reached before the deadline more world news now the six men involved in the gang rape of a student in india have been charged with murder just hours after the victim died in a hospital if convicted all could face the death penalty case despite protests in new delhi with the authorities resorting to banning mass gatherings of parts of the city now people are still joining to express their anger world demanding extreme measures to keep the streets safe and i'm not. just joined recapping our main news tonight for people including the captain have been killed after a passenger plane crashed into the side of one of moscow's main highways there only eight people all of them crew members at the time on board the plane the plane can carry
produced no result if publicans and the democrats the bail to reach a deal on how to reduce the national deficit tax hikes and spending cuts with billions of dollars automatically take effect on generator first another round of talks the shows were for saturday barack obama said what he considered an emergency bill for low earners and the unemployed if agreement isn't reached before the deadline more world news now the six men involved in the gang rape of a student in india have been charged...
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Dec 27, 2012
12/12
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more stimulus, $50 billion in additional government spending, which would only add to the debt and deficit. what impact does that have? >> i think that have essentially no impact. the u.s. has been growing since june of 2009. this is not a case where the government needs to step in and stop a free fall. the problem is we're growing too slowly. we are growing at rates that are 1, 1.5, 2%, and we should be growing at rates of 3 and 4%. to do that we need permanent fixes. fixes to entitlement programs, tax reform, that's the recipe for more rapid growth. it's also the same recipe for fixing the debt. gregg: how about 7 and 8% growth which is what happened this ronald reagan reduced the tabgts rates. the tax rates. >> that would be phenomenal. we haven't seen that since the 1980s. it will take a very big pla change in the playbook in washington for that to happen h. gregg: thank you very much. >> thank you. gregg: what will it cost you if washington can't make a deal before next week, something that is looking more and more likely? you can find out all you need to know on our website foxnews.c
more stimulus, $50 billion in additional government spending, which would only add to the debt and deficit. what impact does that have? >> i think that have essentially no impact. the u.s. has been growing since june of 2009. this is not a case where the government needs to step in and stop a free fall. the problem is we're growing too slowly. we are growing at rates that are 1, 1.5, 2%, and we should be growing at rates of 3 and 4%. to do that we need permanent fixes. fixes to...
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Dec 31, 2012
12/12
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CNNW
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over that i think some of the people who are making more than that can help address the deficit and the debt problem that confronts our country. obviously a necessity put this country on a path. if we're going to do that, everybody has to make a contribution toward that. those who have the most need to make their contributions. so the math has got to work. we're not really dealing with the math at this point in time. we're dealing simply with what are the realities of the ability to get to an agreement and create consensus, which is going to be essential if we don't go over the cliff at midnight tonight. so clearly the administration has been working very hard. i think others have been working hard. hopefully we'll get there. >> i know you're measuring this in hours. in fact, as my colleague points out, 517 days ago is when this was wrought by the bodies trying to fix it. on the senate side, tom harkin made it clear they may try to block that vote over the thing you're talking about. i want to listen to what he said on the floor just moments ago. >> if we're going to have some kind of a
over that i think some of the people who are making more than that can help address the deficit and the debt problem that confronts our country. obviously a necessity put this country on a path. if we're going to do that, everybody has to make a contribution toward that. those who have the most need to make their contributions. so the math has got to work. we're not really dealing with the math at this point in time. we're dealing simply with what are the realities of the ability to get to an...
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Dec 31, 2012
12/12
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the tax would go as the deficit went up. if we go down as the deficit went down. i think the imports -- i think they started this problem, and the need to, you know, revitalizes through this. let me give you one example. although sun. a utozone. they used to only sell american- made parts. now it is all chinese. they have taken over by autozone. host: thank you. our listeners can hear more on c-span radio. we just heard from senator mcconnell. he says that they are very close to a deal. the sequestration issue will be dealt with in the coming weeks and months. robert is turning us from canton, ohio. democrats lined. caller: hello. one thing about the social security and stuff, that should be like a savings account. nobody should be able to get for any debt. that should be what we work for for our future. they should have to ask us if they want to use the us -- use that to pay debt. as for the taxes, the need to get their heads together and work together, and if they do not want to work together, we need to vote them out and get someone in there who will work hand-
the tax would go as the deficit went up. if we go down as the deficit went down. i think the imports -- i think they started this problem, and the need to, you know, revitalizes through this. let me give you one example. although sun. a utozone. they used to only sell american- made parts. now it is all chinese. they have taken over by autozone. host: thank you. our listeners can hear more on c-span radio. we just heard from senator mcconnell. he says that they are very close to a deal. the...